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TCS Acquires The Minority Stake Of 49% TCS Do Brasil 'for $33.4 Million

Tata Consultancy Service, India's largest IT services exporter announced Saturday that it has gained 100% control of the Brazil-based joint venture company `TCS do Brasil' by acquiring its partner Group TBA's 49 per cent stake for $33.4 million. In 2002, TCS had partnered Group TBA for a JV on 51:49 basis for establishing software centers in Sao Paulo and Brasilia .It provides services to over 30 clients including ABN Amro, Goodyear, Equifax and Brasil Telecom.For the year ended March 31, […]